LF Ghosh ¥ Cc 396, BLOCK - A, LAKE TOWN ce ¥ Go. KOLKATA 700089 PHONE : (033) Chartered Accountants Foe (ep tel ‘e-mail; ghoshshyam@hotmail.com Review Report to ‘The Board of Directors Andrew Yule & Company Limited 1.We have reviewed the accompanying statement of unaudited financial results of Andrew Yule & Company Limited for the quarter and half year ended on 30,09.2015(the *Statement’),except for the disclosures regarding “Public Shareholding” and ‘Promoter and Promoter Group Shareholding’ which have been traced from the disclosures made by the management and have not been reviewed by us. The statement is the responsibility of the Company's management and has been approved by the Board of Directors. Our responsibility is to issue report on the Statement based on our review. 2. We conducted our review in accordance with the Standard on Review Engagements (SRE) 2410,‘Review of Interim Financial Information Performed by the Independent Auditor of the Entity*'issued by the Institute Of Chartered Accountants Of India. The standard requires that we plan and perform the review to obtain the moderate assurance as to whether the Statement is free from material misstatement. A review is limited primarily to inquiries of company personnel and analytical procedures applied to financial data and thus provide less assurance than audit. We have not performed an audit and accordingly, we do not express an audit opinion. 3. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying Statement of unaudited financial results prepared in accordance with recognition and measurement principles laid down in Accounting Standards 25‘Interim Financial Reporting” specified under section 133 of the Companies Act .2013, read with Rule? of the Companies(Accounts) Rules, 2014 and other recognised accounting practices and policies, has not disclosed the information required to be disclosed in terms of Clause 41 of the Listing Agreement including the manner in which it is to be disclosed,or that it contains any material misstatement For S.Ghosh & Co Chartered Accountants ICAI Firm Registration Number-304016E Rees P.C. Koner: Partner Membership Number-16448 Place-Kolkata Date: 2™ November, 2015ANDREW YULE & COMPANY LIMITED [A Government of India Enterprise) Regd. Office : "Yule House’, 8, Dr. Rajendra Prasad Sarani, Kolkata-700001 ONAUDITED FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED 30TH SEPTEMBER, 2015 ¥ im acy ‘Smontts Preceding Coresponding __Yearta Year Previous fended 3 months 3 months date figures date figures yesr 20092015 ended endadin. forcurrent forthe ended Patiulars 30.06.2015 theprevious —periad-—previus 91.08.2015 year ended yoarended [Audited] 30092014 30.09.2015 30.09.2014 11] [al Revenue from Operations (Net of excise daty 1076928585498 9004201670426 1538602 sEBTAS [b) Other Operational income 308.00 32626 30347 634.26 0224 = aaaa.19 ‘otal income from Operations "1077.28 6261.24 1297.67 1733852 15998.26 —_37764.02 21 Expenses (@] Cost of materials consumed 828552 361464 424750 6880.15 759308 5001.55, 1b] Changes in inventories of fished goods, Workin-progress and stak-in-trade 50642 2240.38 136929 -2808.80 -3523.72 321.58 (} Employee bonetits expense 443387 380668 3861.13 8240.55 700870 -——13825.25, [6] Depreciation and emortisaten expense 20013 19034 1600 auger 33200 026.34 (@) Other exponses 2579.81 165568 2818.13 423545 395040 agi 0.0t Total expenses 991.91 To892 9228.47 N6943.83 1535842 3775161 [51 Profit/Loss) from operations before other income, finance costs & exceptional items|t-2) 116037 -765.68 1069.20 39469 630.84 1241 (4) Other income e077 111.46 se78t 76193 7aaG1 49.86 (51 Profi(Loss) rom ordinary activities before finance costs and exceptional items [344] W814 65452 1657.04 115662 1408.45 2462.27 (6) Finance costs 25951 281.08, 31272 54059 59703 1073.11 [7] Profit(Loss) from ordinary activities after finance costs but before exceptional items[5-6] 185163 935.60 134432 616.03 1142138916 (8) Exceptional items 0.00 0.09 0.00 0.00 000 0.00 [9] Profv(Loss) from ordinary activities before tax(7+8] 1851.63 935.60 1344.32 616.03 t142——1380.16 (10) Tax expense 36.96 0.00 0.00 36.96 00 93.10 [01] Net Profi(Loss) from ordinary activites aller tax (9 - 10) ‘i467 935.60 1344.32 57807 81142———«1296.06 (12) Extraordinary items (net of tax expense) 0.00 0.00 0.00 0.00 00 0.00 [13] Net Profits) forthe periodft1+12) 11467-93560 134432 579.07 811.42 1298.06. [14] Net Profit(Loss) ater taxes, minority interest & share of profiv(oss) of associates (51467-93560 1344.32 7907 t1.42 1296.08, (19) Paid-up oquty share capital OGr277 = ere77 = a522.77 © BIRT? «652277 ~—ga277. (Face Value of s.2/ per share) [M6] Reserve excluding Reraaton Reserves 1984.98 er alance seat of pevaus accounting year (071 rings per share jot anual) @ Basic 045 028 oat 017 02 039 (nto 045 028 oat oar 025 030‘months Preceding Coresponding __Yearto_—‘Yearto Previous ‘ended — S montis Smonths date gures dato figures year 0.032015 ended-~=—=—ended in. forcumrent forthe ended Particulars 30062015 theprevius period’ previous 31.03.2015 year ended yearended (Audited) 30.03.2014 30.09.2015 30.09.2014 TAL PARTICULARS OF SHAREROLOING i [1 Pubic sharenolaing Number of shares 4origeaa —4v13e48 32613848 40113848 92619848 40113848 + Percentage of shareholding 12.02% 12.02% 10.00% © 1202% 10.00% 12.02% (2) Promoters & Promoter Group Shareholding [a] Pledged / Encumbered = Number a shares o o ° D ° 0 = Peroentage of sheres (es 9 of the total 0 0 0 D 0 0 sliaeholiing of promoter and promoter croup) Percentage of shares 2s 8% of the total share capital ofthe company) Tb]. Non - encumbered = Number of shares za3s24630 293524690 293524630 209524690 299524630 209504880 Percentage of shares (as 2% of the total 10.00% f0000% 100.0% 100.0% — 100.00% 00.00% shareholding of the Promoter and Promoter croup) Percentage of shares (as &% of the total 57.98% 7.98% 90.00% 87.98% 90.00% 87.98% share capital ofthe company) {BI INVESTOR COMPLAINTS, Pending atthe beginning ofthe quarter Recelved during the quartr NL NL cs NIL NL i Disposed of during the quarter Remaining unresolved atthe end ofthe at. ‘SEGMENT-WISE REVENUE RESULTS AND CAPITAL EMPLOYED UNDER CLAUSE 41 OF LISTING AGREEMENT, ‘Sons Preceding Comespanding ——‘Yearta Year rvious ended 3montis «months date figures date figures year 0.032015 ended «== ended in. forcurrent- forthe ended Particulars 0.062015 —theprevius period previous 31.03.2015 year ered yearended (Audited) 30.03.2014 30.08.2015 30.09.2014 TH] Segment Revenue [net sales/income from each segment] {a} Tea 7901.37 330493 6277.98 1120630 8968.39 © t893455, [b)_Electical 285263 2721.45 «3281.69 8574.08 6067.62 —15068.94 [e]_ Engineering 32580 235.93 77585 66213100018 ~—«3794.30 {d) Totat 1108080 6261.71 1033560 1734251 16036.19 37797.79 Loss: ntor-Sogmont Revenue 352 oar 37.93 3.99 37.93 3a7 Net Sale/inceme from Operations 1107728 6201.24 © s0297.67 1733852 1599826 3778402 (2) Segment Results [rofi/Loss() before Tax and interest rom each Segment) [al Tea 18389612271 1458.01 171625 1638.68 692.22 Ib) Electrical 20889 -298.60 sist 50749 127.40 370.87 [el Engineering 256.22 -178.93, “7088 838.15 -338:14 571.92 {4} Total 127385 59824 «1419.86 G75.61 1171.12 1635.01, Less: 1 Interest 25951 281.08, 31272 5405959703 1073.11 [Other Unatlocable Expenciture net of 597.28 58.27 “23718 48101-23733, 827.28 Unellocable Income ‘otal Profit betore Tax 1551.63 995.60 13443261603 8t1.42——1389.16 [3] Capital Employed fa Te SP woisas sersnsi —noseeze enorgnsaasonze ass Ped ‘coir periANDREW YULE & COMPANY LIMITED 1A Government of India Enterprise] Regd. Office: "Yule House", 8, Dr. Rajendra Prasad Sarani, Kolkata~700001 STATEMENT OF ASSETS AND LIABILITIES AsatOh] AsatSiay Sept. 2015] March, 2015 [Audited]] [Audited TA] FQUTTY AND LIABILITIES [1] Shareholders’ funds a} Share capital eor276| 72.7 Ib] Reserves and surplus 1289657] 1231759 l]_Money received against share warrants 1.09 00 Substotal- Shareholders! funds 73569.55] 1898027] IT Share application money pending allotment 2357.00) 2857.00 81 Minority interst* 0.09 00] Is]. Non-current abilities 0.09 fe] Long-term borrowings 3069.62] 305765 lel Deterrec tax liabilities (net) 303i] sos. fe] Other tong:term liabilities 100.52] 101,39] fs}_Longeterm provisions 124732] roo. Sub-total- Non-current Habilifos 7383.30) 7425.69] 5) Current tiabttes fa) Short-term borrowings 41192] 443639 fo] Trade payabies 8227.66) 1000533 lc}. Other current liabilities 730235] 7768.8 [l_ Short-term provisions 1684.00] 1852.6 Sub-total - Current Habilites 7355.25] 24068.65 TOTAL - EQUITY AND LIADILETIES $5485.86] SATO. IB] Assets [1] Non-curront assets [a] Fixed assets 18319.52] 18506.88] 61 Gooawatt on consotcation* oon} 0.00 le) Non-curront investments ss862] 83.62 fa} Deferred tax assets (nt) 00 0.00 fe] Long-term Toons and advances 208.59] 215,27] Other non-currentassots 101198] 1638.94 Sub-total - Nom-current asses 2037871] 21199.71 PI Current assets fa Current investments 2309) 52 fo} toventories eros] 4179.57 fe] Trade receivables 777374) 1007607 fa] Cash and cash equivalents 6599.03] 960.9 el Short-term loans and advances sigs] 597021 [f1_Other current assets 231.06] 88.2 Sub-total = Current assets 2ai07-15| _29279.85} TOTAL ASSETS $5485.86] 0079.54] RHANDREW YULE & COMPANY LIMITED UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED 30TH SEPTEMBER, 2015 Notes: [1] [2] 3} (5) Place: Kolkata The Financial Results for the quarter and half year ended 30th September, 2015, have been approved by the Board of Directors at their meeting held on 2nd November, 2015, subject to Limired Review by the Statutory Auditor The Financial Results have been prepared based on the principle applicable to a going ‘As per the BIFR Order dated 8th July, 2015, the Company has come out from BIFR. Stock of tea as on 30.09.2015 has been valued at lower of estimated cost of production (based on estimated production and expenditure) and net realisable value The previous financial period/year figures have been regrouped/re-arranged wherever necessary to make them comparable. Forandon ANDREW YULE & COMPAN (KilloL Astra) Date : 02nd Novernber, 2015, CHAIRMAN & MANAGING BIRECTOR